18 Bedroom Apartment in Pietermaritzburg Central

Strategically located on Peter Kerchhoff Street, Eastbourne Mansions presents a rare opportunity to acquire a fully tenanted apartment block with a strong income history and consistent performance. With 12 residential units under professional management with Fine and Country Midlands & Upper-Highway, this property offers both immediate returns and long-term growth potential.Financial Performance Snapshot:Recent Period JanJul 2025:Total Income: R359,798.51Total Expenses: R135,812.73Net Operating Income: R223,985.78100 Occupancy across all unitsHistorical Performance Feb 2020Mar 2025:Total Income: R1,583,856.58Total Expenses: R1,562,016.00Net Operating Income: R749,042.64Average Monthly Income per Unit: R2,088 R4,482Projected 20-Year Income: R500,000 R1,000,000 per unitInvestment Highlights:Turnkey Asset with stable cash flow and low vacancy riskDiverse Unit Mix ranging from 15m² studios to 73m² apartmentsStrong Net Yields with several units generating over R20,000 in net income annuallyProfessional Oversight ensuring accurate reporting and operational efficiencyLocation & Lifestyle Appeal:Situated in the heart of Pietermaritzburg Central, Eastbourne Mansions benefits from proximity to transport hubs, schools, and retail amenities. Its central location ensures high tenant retention and ongoing demand, making it ideal for both seasoned investors and portfolio builders.This block is not just a propertyit''s a proven income engine with room to grow. If you''d like, I can also tailor this for a brochure, investor pitch, or online listing with lifestyle-driven language and visual cues. Just say the word Show more Show less

Pietermaritzburg Central, Pietermaritzburg Central, Pietermaritzburg, KwaZulu-Natal

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